- CEO
- Pareshkumar Shah
- Sector
- Non-energy minerals
- Industry
- Construction materials
- Address
- Ahmedabad India
- IPO Date
- Jun 4, 2025
- Business
- Neptune Petrochemicals Limited is an India-based manufacturer and distributor of bitumen, modified bitumen products, and allied petrochemical materials. The company operates within the infrastructure materials and petrochemicals sector, offering a diverse portfolio organized across key product categories: paving grade bitumen, including Viscosity Grade VG-10, VG-30, and VG-40 formulations for highway and road pavement; modified bitumen solutions, comprising Polymer Modified Bitumen (PMB) and Crumb Rubber Modified Bitumen (CRMB) designed for enhanced tensile strength, temperature resistance, and high-traffic durability; bitumen emulsions, including rapid setting, medium setting, slow setting, and specialized micro-surfacing emulsions utilized in cold-mix road applications, prime coats, tack coats, and pavement preservation; and industrial and allied petrochemical products, including base oils, fuel oils, light diesel oil, and waterproofing bituminous compounds. The company serves public and private infrastructure contractors, national and state highway development authorities, airport runway developers, railway projects, and industrial waterproofing clients across India, with export operations extending to South Asian markets including Nepal, Bhutan, and Bangladesh. Headquartered in Ahmedabad, Gujarat, India, the enterprise traces its origins to 2004 with the establishment of Neptune Tradelink, subsequently incorporating as a corporate entity in October 2021. Neptune Petrochemicals operates manufacturing, processing, and blending plants across India, including production facilities in Bavla and Sanand in Gujarat, Panipat in Haryana, Kamrup in Assam, Kosi in Uttar Pradesh, and Lalru in Punjab. In recent developments, the company converted from a private limited company to a public limited company in July 2024, formally adopting its current name, Neptune Petrochemicals Limited. In June 2025, the company completed its initial public offering on the National Stock Exchange of India (NSE SME platform under the ticker NEPTUNE), raising approximately INR 73.2 crore through a fresh equity issuance to finance working capital needs, upgrade processing machinery, and expand manufacturing capacities across its domestic production network, while continuing the operational ramp-up of its regional blending facilities and specialized polymer-modified product offerings.